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Research on decision-making behavior of multi-agent alliance in cross-border electricity market environment: an evolutionary game

Authors :
Zhao Luo
Chenming Dong
Xinrui Dai
Hua Wang
Guihong Bi
Xin Shen
Source :
Global Energy Interconnection, Vol 7, Iss 6, Pp 707-722 (2024)
Publication Year :
2024
Publisher :
KeAi Communications Co., Ltd., 2024.

Abstract

Constructing a cross-border power energy system with multiagent power energy as an alliance is important for studying cross-border power-trading markets. This study considers multiple neighboring countries in the form of alliances, introduces neighboring countries’ exchange rates into the cross-border multi-agent power-trading market and proposes a method to study each agent’s dynamic decision-making behavior based on evolutionary game theory. To this end, this study uses three national agents as examples, constructs a tripartite evolutionary game model, and analyzes the evolution process of the decision-making behavior of each agent member state under the initial willingness value, cost of payment, and additional revenue of the alliance. This research helps realize cross-border energy operations so that the transaction agent can achieve greater trade profits and provides a theoretical basis for cooperation and stability between multiple agents.

Details

Language :
English
ISSN :
20965117
Volume :
7
Issue :
6
Database :
Directory of Open Access Journals
Journal :
Global Energy Interconnection
Publication Type :
Academic Journal
Accession number :
edsdoj.5ec17c92b8f465e9288d1a7c654daad
Document Type :
article
Full Text :
https://doi.org/10.1016/j.gloei.2024.11.009